Euromoney Institutional Investor PLC (the “Group” or “Euromoney”) Euromoney announces the completion of the acquisition by Astorg and Epiris

• Following shareholder approval on 8 September and subsequent regulatory approval, Euromoney will be delisting from the London Stock Exchange on 25 November 2022.
• The Group will be separated into two businesses with Fastmarkets becoming a stand-alone entity.
• The acquisition will enable the acceleration of the execution of Euromoney’s strategy across its different business units.

Central to Euromoney’s strategy is the provision of must-have data and intelligence that is embedded in customers’ critical workflows which delivers recurring and robust subscriptions revenue. The Consortium looks forward to supporting the acceleration of the execution of this strategy and its portfolio of events brands across the Fastmarkets, Financial & Professional Services and Asset Management businesses. Astorg and Epiris attach great value to the skills, experience and deep commitment of the management and employees of Euromoney and believe that they will be a key factor in delivering their existing strategies and maximising the long-term success of each of the Euromoney businesses.

As previously announced, the Consortium intends to separate the Group into two businesses with Fastmarkets becoming a stand-alone entity, owned and controlled by Astorg, with the remaining Euromoney business operating under the majority ownership and control of Epiris. The separation will enable the divisions to pursue strategies tailored to their differing financial characteristics and end markets, led solely by dedicated management teams, generating efficiencies.

As these changes are implemented, customers of the Group’s different businesses will continue to receive the same high-quality products and services.

Henry Elkington, Chairman of FPS and Asset Management, commented:  “Euromoney has successfully built a strong portfolio of trusted, specialist brands across its FPS and Asset Management divisions. The investment from Epiris and its experience in B2B information services will provide these brands with the support and flexibility to take advantage of the attractive growth opportunities across their end markets.”

Raju Daswani, CEO of Fastmarkets, added:  “Fastmarkets has delivered rapid growth in recent years and secured its position as the most trusted cross-commodity price reporting agency (PRA) in the agriculture, forest products, metals and mining, and new generation energy markets. We will continue to focus on providing customers with benchmark prices, insights and analysis. We are excited by the opportunities for further growth, leveraging Astorg’s proven track record of successfully creating value.”